The following pertains to Batman Incorporated for 2021: Beginning inventory to start the year was $250,000 The company made purchases totalling $1,200,000 for the year The company sold 40,000 units of inventory for $60 per unit. The inventory had a cost of $20 per unit. The company had ending inventory of $650,000 Make all necessary journal entries for the perpetual and periodic method of inventory tracking: Periodic Entries: Perpetual Entries